比特幣（BTC）價格的性能很有趣

比特幣的價格在2025年到目前為止的表現都有趣，從本年開始，一直持續到新的歷史最高水平。但是，旗艦加密貨幣在本年度的第一季度完成了，其價值的15％以上在這三個月內削減了。

As the year 2025 began, the price of Bitcoin soared to new all-time highs. However, by the end of the first quarter, the flagship cryptocurrency had seen more than 15% of its value wiped out over those three months.

隨著2025年的開始，比特幣的價格飆升至新歷史最高點。但是，到第一季度末，旗艦加密貨幣在這三個月中已經消除了其價值的15％以上。

While the BTC price seems to be stabilizing within a consolidation range, the outlook isn’t entirely positive for the world’s largest cryptocurrency. This explains why several short-term investors are getting discouraged and consequently leaving the market.

儘管BTC價格似乎在整合範圍內穩定，但對於世界上最大的加密貨幣而言，前景並不是完全積極的。這解釋了為什麼幾個短期投資者灰心並因此離開市場。

Is Bitcoin About To Go Up?

比特幣要上升嗎？

In a new post on the X platform, one on-chain analyst, known by the pseudonym Darkfost, revealed that a certain category of Bitcoin holders has been selling their assets at a loss. According to the crypto expert, these selloffs are occurring at a rate not seen since the FTX collapse.

在X平台上的一篇新帖子中，一位以化名Darkfost知道的鍊鍊分析師透露，某些類別的比特幣持有人已經虧本出售其資產。根據加密專家的說法，這些拋售是以自FTX崩潰以來未見的速度發生的。

This on-chain observation is based on a substantial decline in the Profit/Loss Margin, which measures the profitability of investors by comparing their purchase price to the current price of a cryptocurrency. This metric provides an indication of whether the market is in a state of unrealized profit or loss.

這種鏈上的觀察基於利潤/損失利潤率的大幅下降，該鏈利潤率大幅下降，該鏈通過將投資者的購買價格與加密貨幣的當前價格進行比較來衡量投資者的盈利能力。該指標提供了市場是否處於未實現的損益狀態的狀態。

Specifically, Darkfost’s analysis concentrates on Bitcoin investors who have been holding BTC for periods ranging from one to three months (also known as short-term holders). These traders are regarded as the most responsive class of holders, a trait that is evident in their recent activity.

具體而言，DarkFost的分析集中在比特幣投資者身上，這些投資者持有BTC的期限為1到三個月（也稱為短期持有人）。這些交易者被認為是最反應迅速的持有人，這是他們最近活動中明顯的特徵。

According to Darkfost, BTC short-term holders have been dumping their coins at a loss since early February. These realized losses have now reached levels last seen during the FTX bankruptcy and are even greater than the losses recorded during the 2024 price pullback.

根據DarkFost的說法，自2月初以來，BTC短期持有人一直在傾倒硬幣。這些已實現的損失現在已經達到了FTX破產期間最後一次看到的水平，甚至比2024年價格下降期間記錄的損失還要大。

Typically, large-scale realization of losses by the Bitcoin short-term holders has been followed by substantial upward price movements, especially when long-term holders continue to accumulate. Therefore, the persistence of this trend suggests that long-term investors will be mopping up the coins from weak hands in anticipation of the next bullish jump.

通常，比特幣短期持有人對損失的大規模實現，之後是大量向上的價格變動，尤其是當長期持有人繼續積累時。因此，這一趨勢的持久性表明，長期投資者將在下一個看漲的跳躍中從虛弱的手中擦乾硬幣。

BTC Price Brief

BTC價格簡介

At the time of writing, the price of BTC is hovering around the $83,700 mark, showing no significant change in the past 24 hours. According to data from CoinGecko, the market leader has seen a 1% increase over the last seven days.

在撰寫本文時，BTC的價格徘徊在83,700美元左右，在過去的24小時中沒有顯著變化。根據Coingecko的數據，在過去的七天中，市場領導者增長了1％。